Diversified Trust Co increased its position in RBC Bearings Inc. (NASDAQ:ROLL) by 2.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,437 shares of the company’s stock after buying an additional 87 shares during the period. Diversified Trust Co’s holdings in RBC Bearings were worth $249,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of ROLL. Loomis Sayles & Co. L P boosted its position in RBC Bearings by 0.5% in the first quarter. Loomis Sayles & Co. L P now owns 741,550 shares of the company’s stock valued at $54,325,000 after buying an additional 3,900 shares during the period. Goldman Sachs Group Inc. boosted its position in RBC Bearings by 4.8% in the first quarter. Goldman Sachs Group Inc. now owns 605,407 shares of the company’s stock valued at $44,352,000 after buying an additional 27,632 shares during the period. State Street Corp boosted its position in RBC Bearings by 2.9% in the first quarter. State Street Corp now owns 387,345 shares of the company’s stock valued at $28,377,000 after buying an additional 10,746 shares during the period. BB&T Securities LLC boosted its position in RBC Bearings by 9.9% in the first quarter. BB&T Securities LLC now owns 7,459 shares of the company’s stock valued at $546,000 after buying an additional 670 shares during the period. Finally, Royce & Associates LP boosted its position in RBC Bearings by 2.4% in the first quarter. Royce & Associates LP now owns 976,971 shares of the company’s stock valued at $71,573,000 after buying an additional 22,900 shares during the period. 99.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RBC Bearings Inc. (NASDAQ:ROLL) traded up 0.78% during midday trading on Friday, reaching $76.48. 157,820 shares of the company’s stock were exchanged. RBC Bearings Inc. has a one year low of $54.38 and a one year high of $87.82. The firm has a market cap of $1.78 billion, a PE ratio of 26.28 and a beta of 1.11. The stock’s 50-day moving average is $77.07 and its 200 day moving average is $74.66.
RBC Bearings (NASDAQ:ROLL) last issued its earnings results on Thursday, August 4th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $154.58 million for the quarter, compared to analysts’ expectations of $152.83 million. RBC Bearings had a return on equity of 12.05% and a net margin of 11.24%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. Analysts anticipate that RBC Bearings Inc. will post $3.34 EPS for the current year.
Separately, Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $74.80.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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